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Another Singapore Based Cryptocurrency Platform Going Bust - Printable Version

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Another Singapore Based Cryptocurrency Platform Going Bust - sporeguy - 09-08-2022

HONG KONG, Aug 8 (Reuters) - Hodlnaut, a Singapore-based crypto currency lender and borrower, has suspended withdrawals, swaps and deposits, the company said on Monday, the latest sign of stress in the cryptocurrency industry.

The crypto lender also said it would withdraw its application for a licence from the Monetary Authority of Singapore (MAS) to provide digital token payment services, for which it received in principle approval in March.


https://www.reuters.com/technology/singapore-based-crypto-lender-hodlnaut-suspends-withdrawals-2022-08-08/